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Dow Jones Newswires: Australian BNPL companies Zip, Sezzle scrap merger plans

SYDNEY — Buy-now-pay-later rivals Zip Co. AU:ZIP and Sezzle Inc. AU:SZL have scrapped the planned merger that they had hoped would create the scale to better compete in the crowded installment-payments industry.

The ASX-listed companies on Tuesday issued separate statements saying that they had mutually agreed to halt the merger, without immediately saying why. Both said the decision was in the best interests of shareholders.

Zip…

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